Climate Risk From The Regulatory Perspective

Climate change is disruptive for the banking sector in terms of the risks that banks need to manage, the opportunities that it brings, and the responsibilities that banks face with their stakeholders. Banking regulators around the world are formalizing new approaches to integrate climate risk considerations into their regulatory framework. Experts from the World Bank and national regulators shared their expertise in policy implications to address climate-related financial risks, the latest development on the global regulatory landscape, and case studies from the Philippines and South Africa.